AUDUSD (long) breakout today - did anybody catch it? Lots of confluence

[AngieB]

AUD/USD bounced from yestreday’s lows, but yet it’s hard to hold above 0.78. Bears are back in the game and intent to probe 0.7780

 

[victoriajensen]

AUD/USD is at 0.7840 and is quite bearish for the moment, next target will likely be around 0.7800.

 

[victoriajensen]

The pair is testing the support at 0.7800 yet again, a breakout below that level will likely lead to a further move to the downside around 0.7740.

 

[victoriajensen]

AUD/USD continues consolidating sideways around 0.7800, hopefully the fundamentals by the end of the week will end that consolidation.

 

[victoriajensen]

The pair fell to 0.7710 but it bounced off from that level quite quickly. Next target is likely 0.7800, which from a support will have become a resistance level.

 

[victoriajensen]

AUD/USD is consolidating sideways and it will likely continue to do so until the market closes today. Next target is probably at 0.7710.

 

[fxstrategist]

The AUDUSD is just consolidating below the 200 day EMA, around the 0.7763. For now the 0.78 may act as resistance and the 0.77 may act as support.

 

[victoriajensen]

The AUDUSD is just consolidating below the 200 day EMA, around the 0.7763. For now the 0.78 may act as resistance and the 0.77 may act as support.

I agree, the pair has already bounced off from 0.7700 and is currently rising towards 0.7800. The question is whether it will break out above that level.

 

[victoriajensen]

The pair broke out above 0.7800 and is currently testing the resistance at 0.7820. Since it has formed a hanging man candlestick on the four-hour time-frame at that level it may bounce off from it.

 

[fxstrategist]

Very good bullish daily candle for today on the AUDUSD. The pair breaks above its 200 day EMA and came close to the 55 day EMA around the 0.7845 level, but loses its bullish momentum around that zone.